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SNPS

Synopsys

$86.77

-3.03 (-3.37%)

16:09
11/29/17
11/29
16:09
11/29/17
16:09

Synopsys co-CEO says 'saw revenue strength across the board'

"Synopsys reported another excellent fiscal year, with double-digit revenue and non-GAAP earnings growth. We saw revenue strength across the board, augmented by upside from hardware and IP, and an approximate $150 million increase in non-cancellable backlog," said Aart de Geus, chairman and co-CEO of Synopsys. "Our EDA and IP products are essential for customers building chips to bring about the Digital Intelligence age. In addition, we are making great progress in scaling our software security platform both organically and through the recently announced planned acquisition of Black Duck Software. Overall, we continued to drive long-term shareholder value by balancing our investment priorities while executing $400 million in share repurchases during fiscal year 2017."

  • 29

    Nov

SNPS Synopsys
$86.77

-3.03 (-3.37%)

10/25/17
RBCM
10/25/17
UPGRADE
Target $100
RBCM
Top Pick
Synopsys upgraded to Top Pick on IoT and AI exposure at RBC Capital
As previously noted, RBC Capital analyst Mitch Steves upgraded Synopsys to Top Pick from Outperform and raised his price target to $100 from $90. Steves says the company's margin profile should improve over the next 2-3 years given the company's exposure to the "Internet of Things", Artificial Intelligence and Semiconductor content in automobiles. Steves also notes the company has an opportunity to take "sticky" hardware market share from Siemens' (SIEGY) Mentor Graphics.
10/25/17
10/25/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. 3M (MMM) upgraded to Neutral from Sell at Goldman Sachs with analyst Joe Ritchie saying amid "strong" organic growth and an underlevered balance sheet, the case to sell the shares is now "less apparent." 2. PulteGroup (PHM) upgraded to Neutral from Underperform at Mizuho. 3. Biogen (BIIB) upgraded to Outperform from Market Perform at BMO Capital with analyst M. Ian Somaiya saying risks to the multiple sclerosis franchise and Spinraza are getting "quickly priced in" following yesterday's post-earnings selloff. 4. Synopsys (SNPS) upgraded to Top Pick from Outperform at RBC Capital with analyst Mitch Steves saying the company's margin profile should improve over the next 2-3 years given the company's exposure to the "Internet of Things," Artificial Intelligence and Semiconductor content in automobiles. 5. Capital One (COF) upgraded to Neutral from Underperform at Wedbush with analyst Henry Coffey saying the company continues to report loan quality metrics in both its U.S. consumer credit card portfolio and commercial lending business that are consistent with his cautious outlook, but beating earnings per share estimates based on non-credit related items. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/22/17
RBCM
11/22/17
NO CHANGE
Target $110
RBCM
Top Pick
Synopsys price target raised to $110 from $100 at RBC Capital
RBC Capital analyst Mitch Steves raised his price target on Synopsys to $110 and kept his Top Pick rating on the stock going into October quarter results. Steves says the update on the Software Integrity business will be an especially important topic, forecasting the segment to recover from loss to a profit in FY19 which could be a "material lever for EPS in FY19 and beyond".
11/28/17
DADA
11/28/17
NO CHANGE
Target $105
DADA
Buy
Synopsys price target raised to $105 from $91 at DA Davidson
DA Davidson analyst Thomas Diffely previews Synopsys Q4 earnings expected this Wednesday, modeling the company to report just ahead of consensus. Diffely says the multi-year drivers for Synopsys remain firmly in place amid accelerating semiconductor growth, increasing chip complexity, and "rising paranoia about security". The analyst says Q4 will likely be the lightest quarter of the year due to timing of revenues and seasonal expenses, and the initial FY18 outlook will be "fairly modest" because of a tough comparison to record hardware sales in FY17. Diffely keeps his Buy rating on Synopsys and raises his price target to $105 from $91.

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Sanofi

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0.26 (0.59%)

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IRM

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BTC

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  • 12

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  • 19

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ZION

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$50.46

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PFE

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  • 04

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WDC

Western Digital

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0.57 (0.70%)

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HTLF

Heartland Financial

$50.75

0.6 (1.20%)

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SMBK

SmartFinancial

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WBT

Welbilt

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VMC

Vulcan Materials

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  • 12

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URI

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$163.65

-0.17 (-0.10%)

17:59
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TEX

Terex

$46.53

-0.32 (-0.68%)

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SUM

Summit Materials

$31.19

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MLM

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MTW

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LECO

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JEC

Jacobs Engineering

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HRI

Herc Holdings

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FLR

Fluor

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DE

Deere

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